Oiltanking acquires two terminals in South Africa, secures licenses for chemicals

11:19 AM MST | March 1, 2013 | Francinia Protti-Alvarez

Oiltanking Grindrod Calulo (Durban, South Africa), an Oiltanking (Hamburg) subsidiary, has entered into an agreement to acquire the business of Grindrod Tank Terminals, a division of Grindrod (Durban), Oiltanking announced today. The acquired business has a key role in the import and redistribution of molasses and vegetable oils. The company has also secured licenses to store and handle high-flashpoint products including glycols and caustic soda, as well as vegetable and base oils, Oiltanking says. Vegetable oil demand is projected to increase, making it a key...